Nader Uskowi

During its last meeting in Paris on June 30, the Financial Action Task Force (FATF) reviewed Iran’s action plan to address deficiencies in its anti-money laundering measures and counter financing of terrorism. The intergovernmental organization—which monitors money laundering and terrorist financing on a global level—is especially concerned with exemptions Iran has made in its counter financing laws to protect proxies it regards as liberation organizations, militant groups that share Iran’s anti-US and anti-Israel ideology. Such exemptions would allow Tehran to facilitate the financing of groups like Lebanese Hezbollah.

After much deliberation, FATF gave Iran four months—until its next plenary session in mid-October—to fully criminalize terrorism financing in line with international standards and relevant United...
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